The theory of international trade is based on?

By: |Published on: Jan 8|Categories: Commerce WAEC| 0 comments

A. Principles of management
B. Principles of comparative cost
C. Principle of double entry
D. Theory of migration

Correct Answer: Option B

B. Principles of comparative cost

Explanation

International trade is based on the principle of comparative cost advantage that was propounded by David Ricardo in the 19th century.

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